08.18.16
The City of Evanston recently released a white paper on the initial results following the dissolution of its coterminous township. Based on the results of a fiscal analysis of the dissolution of Evanston...
Library
08.05.16
The City of Chicago recently released its mid-year Annual Financial Analysis for 2016 , which provides financial estimates for the City’s fiscal year ending on December 31, 2016 and a forecast for the next fiscal...
07.27.16
The Civic Federation recently released its analysis of the City Colleges of Chicago FY2017 Tentative Annual Operating Budget.
This blog examines City Colleges of Chicago tuition rate changes...
07.20.16
On June 29, 2016 the Cook County Board of Commissioners voted to approve a resolution to present a public question via a binding countywide referendum asking if the Office of the Cook County Recorder of Deeds should...
07.14.16
Despite a stopgap spending measure enacted on June 30, 2016, State of Illinois appropriations for higher education remain below expenditures in fiscal year 2015—the last year the State had a complete...
07.01.16
After a yearlong stalemate, the State of Illinois finally saw a crack in its ongoing budget impasse on the last day of the fiscal year. The General Assembly rushed approval of bills authorizing a full year of preschool through high school education funding, including additional assistance for...
06.17.16
In advance of a $550 million bond sale this week, the State of Illinois announced it had negotiated new terms with the largest holder of Illinois swaps. The new lower level for termination of the swaps based on Illinois’ credit ratings dropped to Ba1 with Moody’s Investors Service and BB+ with...
06.09.16
The Illinois General Assembly ended its regular spring session on May 31, 2016 without passing a budget for the upcoming fiscal year. The legislature now has less than one month to complete a budget for the year that begins on July 1, and passage has become more difficult.
After the end...
06.03.16
One year after passing the Illinois General Assembly, a bill that puts the City of Chicago’s Police and Fire pension funds on a 40-year plan to reach 90% funding has become law . Illinois Governor...
05.19.16
With the current year’s budget still incomplete, the State of Illinois is now facing the prospect of starting another year without a financial plan.
Due to a political dispute between Illinois’ Republican Governor and Democratic legislators who control the General Assembly, the State...